The market for vacuum packaging has increased since the last decade because of the technological upgradations and innovations in the packaging industry. The global vacuum packaging market is projected to reach USD 27.67 Billion by 2020, at a CAGR of 4.24% from 2015 to 2020. The Asia-Pacific region accounted for the largest share of the total market value in 2014, followed by Europe and North America. The vacuum packaging market in developed countries is well-established; however, markets in developing economies such as China and India are estimated to grow at a higher rate from 2015 to 2020. This is owing to the growing demand for hygienic packaging that ensures product safety and freshness for longer durations.

The vacuum packaging market has been growing in accordance with the packaging industry. With the increase in demand for hygienic, eco-friendly, and economical packaging solutions, the demand for vacuum packaging has increased.

This report estimates the market size for vacuum packaging in terms of both value and volume. In this report, the market is broadly segmented based on application, process, packaging material, machinery, pack type, and region. Market drivers, restraints, opportunities & challenges, and market share by participant for the overall market are discussed in detail. Vacuum packaging is one of the fastest-growing markets in the packaging industry, which has witnessed significant growth over the last decade in several key economies across the world. The vacuum packaging market has kept pace with technological advances and is poised to attain high growth in the near future.

Scope of the report

This research study categorizes the global vacuum packaging market on the basis of application, process, packaging material, machinery, pack type, and region:

On the basis of application, the vacuum packaging market has been segmented as follows:

Food

Pharmaceuticals

Industrial Goods

Others (Consumer Goods)

On the basis of process, the market has been segmented as follows:

Skin Vacuum Packaging

Shrink Vacuum Packaging

Others (Traditional Vacuum Packaging)

On the basis of packaging material, the vacuum packaging market has been segmented as follows:

Polyethylene

Polyamide

Ethylene Vinyl Alcohol

Others (Paper, Polyvinyl Chloride, Polypropylene, Polyester)

On the basis of machinery, the vacuum packaging market has been segmented as follows:

Thermoformers

External Vacuum Sealers

Tray-sealing Machines

Others (Vacuum Chamber Machines, Mini Vacuum Machines)

On the basis of pack type, the vacuum packaging market has been segmented as follows:

Flexible Packaging

Semi-rigid Packaging

Rigid Packaging

On the basis of region, the vacuum packaging market has been segmented as follows:

3 Executive Summary (Page No. - 43) 3.1 Demand From End-Use Markets to Drive the Demand for Vacuum Packaging 3.2 Evolution of Vacuum Packaging 3.3 Vacuum Packaging Market 3.4 Food: Largest Market for Vacuum Packaging 3.5 Polyethylene (PE) Projected to Be the Largest Segment Among Packaging Materials Market By 2020 3.6 Thermoformers Projected to Be the Largest Segment in the Vacuum Packaging Machinery Market By 2020 3.7 Skin Vacuum Packaging Projected to Be the Largest Segment in the Vacuum Packaging Process Market By 2020 3.8 Flexible Packaging Projected to Be the Largest Segment in the Vacuum Packaging Market, By Pack Type, By 2020 3.9 Asia-Pacific Projected to Be the Largest and Fastest-Growing Market By 2020

With the advent of packaging technologies, product safety and longer shelf-life have become requisites for product manufacturers. This developed an ever increasing need for packaging techniques to undergo packaging without hampering the quality of packaged products. Vacuum packaging has become an imperative for many industries such as food, pharmaceuticals, industrial goods, and consumer goods, where preservation of a product is paramount.

Vacuum packaging is one such technology through which air is removed, thereby impeding the ability of oxygen-breathing microorganisms to grow and spoil the product. It is very essential that the precise integration of the product, process, package, and distribution exist in the supply chain to evade recontamination. The global vacuum packaging market is gaining momentum with an increase in demand for hygienic packaging for various applications. The market players have responded to these opportunities by bringing technological advancements in the process of vacuum packaging.

There are various types of packaging materials that are used for vacuum packaging, such as polyethylene, polyamide, ethylene vinyl alcohol, and other materials such as packaging films, foils, trays, bags, and lids. These packaging materials used to vacuum pack products ensure that the modified atmosphere is retained during the lifetime of the product.

The polyethylene segment is projected to reach USD 12.11 Billion by 2020. The Asia-Pacific region is projected to grow at the highest rate during the forecast period, that is, from 2015 to 2020.

The growth of the vacuum packaging market is primarily driven by the following factors:

High demand for hygienic packaging

Manufacturers demand of longer shelf-life

Shift towards easy-to-handle and convenient packaging

Growth of parent industry

The global vacuum packaging market is expected to witness significant growth in the coming years due to multiple factors. The demand for hygienic and convenient packaging is witnessing continual rise. This rise in demand has pushed manufacturers and retailers to use vacuum packaging technology to extend the shelf-life and safety of the products without hampering their production.

Among raw materials, polyethylene is projected to attain highest growth in the global vacuum packaging market. The high growth of polyethylene can be attributed to its low production & processing cost that has encouraged producers to prefer polyethylene over other packaging materials. Polyamide, the second-largest segment in the global vacuum packaging market, is gaining demand owing to its ability to manufacture films with high transparency, flexibility, good thermoformability, and high shrink properties.

The vacuum packaging market is marked with intense competition due to the presence of a large number of players. The market for this industry is highly unorganized because of the small and medium manufacturers. New product launches and expansions are the key strategies adopted by market players to expand their business in the industry. The key players in the vacuum packaging market include Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Berry Plastics Corporation (U.S.), Sealed Air Corporation (U.S.), Linpac Packaging Limited (U.K.), Multisorb Technologies, Inc. (U.S.), Coveris Holding SA (U.S.), CVP Systems Inc. (U.S.), Ulma Packaging, and SCOOP (Spain), and Orics Industries, Inc. (U.S.).

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